Illegal gaming operators are drawing increasing numbers of customers to their platforms, targeting even minors and students to their nefarious activities, by offering fewer restrictions to participate in online gambling.
This, despite the implementation of strict measures by authorities to curb illegal gambling. Their lack of regulation, combined with aggressive marketing tactics like cashbacks and free money for first-time players, makes it attractive to vulnerable groups, potentially leading to increased gambling frequency and wagers.
Deception by fake websites
Licensed betting sites approved by the Philippine Amusement and Gaming Corp. (Pagcor) strictly adhere to the “know your customer” verification process to ensure that only those allowed by law can participate in the games.
In failing to abide by Pagcor’s rules and standards, unlicensed online gaming sites are damaging the industry’s potential, with malicious entities creating fake websites to deceive users. They also disregard other laws and regulations, including tax obligations as well as measures meant to protect the safety and privacy of bettors.
OKBet, a local gaming platform licensed and regulated by Pagcor, recently uncovered an alarming number of fraudulent websites masquerading as its online sportsbook. These malicious pages use domain names nearly identical to the official OKBet website, prompting the company to remind the public to only access its website through the correct web address, www.OKBet.com.